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Google expands AI Overviews to six more countries after initial hiccups

Ana Mary Joseph
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Google expands AI Overviews to six more countries after initial hiccups
  • The success of the feature hinges on its ability to strike a delicate balance between innovation and accuracy.
  • Search giant acknowledges shortcomings of the initial version and implements several updates designed to improve accuracy and transparency.

Google has expanded its AI Overviews to Brazil, India, Indonesia, Japan, Mexico, and Britain after a rollercoaster start.

The company, driven by a desire to enhance its search capabilities and provide users with instant, digestible information, launched the feature in the United States in May 2023.

However, the initial rollout was met with significant backlash due to factual inaccuracies and misleading responses. This forced Google to quickly revise the feature, adding safeguards to mitigate potential harm.

Now, Google is expanding AI Overviews to six new countries, signaling its commitment to the technology while simultaneously addressing the criticisms it has faced.

However, the decision to introduce the feature in new markets, particularly those with diverse languages and cultural contexts, raises concerns about the potential for even greater inaccuracies and misunderstandings.

This underscores the need for even more robust safeguards and ongoing development of the underlying AI technology.

The early issues with AI Overviews stemmed from the inherent challenges of training large language models (LLMs). While capable of producing fluent and seemingly coherent text, LLMs can still struggle with factual accuracy, particularly when presented with complex or nuanced topics.

Inclusion of hyperlinks

This was exemplified by the infamous pizza recipe featuring glue and the misleading claim about Barack Obama’s religion. These incidents highlighted the potential dangers of AI-generated summaries, particularly if they are presented without proper context or verification.

Google’s response was swift and comprehensive. They acknowledged the shortcomings of the initial version and implemented several updates designed to improve accuracy and transparency.

Restrictions were placed on the types of queries triggering AI Overviews, limiting the potential for generating incorrect or misleading responses. Additionally, user-generated content from platforms like Reddit, notorious for their susceptibility to misinformation, was excluded as a source material.

These changes were further accompanied by internal data that suggested improved user satisfaction and engagement among those utilising the feature.

The inclusion of hyperlinks within the AI Overviews is a step in the right direction. It allows users to verify the information presented and delve deeper into the subject matter by accessing original sources. The move also addresses concerns raised by the media industry about potential loss of referral traffic.

By providing clear links to the original websites, Google aims to ensure that publishers are not disadvantaged by the AI-generated summaries.

The expansion of AI Overviews marks a significant milestone in Google’s pursuit of AI-powered search. However, the success of the feature hinges on its ability to strike a delicate balance between innovation and accuracy.

Google’s continued commitment to refining the technology, addressing user concerns, and fostering collaboration with the media industry will be crucial in ensuring that AI Overviews evolve into a reliable and valuable tool for users around the world.

Mattel, AirConsole and BMW bring UNO to in-car gaming

TCN Bureau
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Mattel, AirConsole and BMW bring UNO to in-car gaming
  • Up to four players can experience the game via smartphone when vehicles are in park mode.
  • The feature will not available in BMW 2 Series Coupe, 3 Series and 4 Series.

BMW and the pioneer of in-car gaming AirConsole are launching Mattel’s classic card game UNO in over 500,000 BMW and Mini vehicles. 

This will be the first time the game will be available in a dedicated in-car experience. It follows AirConsole’s collaboration with Sony Pictures to introduce ‘Who Wants to be a Millionaire?’ game in BMW cars. 

The classic card game will be revealed next week for in-car gaming in Cologne, Germany, at gamescom 2024, the world’s largest, leading event for video games and the global over-the-air roll out will be on August 21st.

Stephan Durach, Senior Vice President of the BMW Group Development Connected Company and Technical Operations, said that they continue to increase the value of the overall digital experience for their customers.

 “Our partners AirConsole and Mattel are helping make in-car gaming into a new social experience, and I am thrilled to offer a family-favourite game like UNO for this exciting innovation.”

Pioneering in-car gaming

Mattel, AirConsole and BMW Group have transformed UNO into a playable connected game in a brand-new environment: the car.

Whether a family is at rest during a road trip or a group of friends stop to figure out their next move, stationary drivers can use AirConsole’s unique game controller system to connect any passenger to the game using their personal devices.

Up to four players can experience the game that brings people together through its simple, universal gameplay that transcends languages and cultures. Vehicles must be in park to enable gameplay.

 “UNO beautifully illustrates the strengths of AirConsole with a game accessible to everyone, a bespoke integration to the car hardware and our phone controlled gaming experience,” Anthony Cliquot, CEO of AirConsole, said.

“Each player can secretly see their own cards on their phone while playing on the infotainment system of the car. This is an experience that would be impossible to achieve using only touchscreen or Bluetooth controls on the infotainment system.”

Since 2022, the partnership between the BMW Group and AirConsole has been pioneering in-car gaming, bringing intuitive and innovative gameplay to BMW vehicles through the AirConsole platform.

UNO’s social nature

“UNO is perfect for in-car gaming because it’s highly engaging and brings people together,” Erika Winterholler, Head of Business Development, Digital Gaming at Mattel, said.

“Its simple rules are easy to learn and endlessly captivating, making it ideal for both short pit stops and extended play sessions. UNO’s social nature turns every journey into a fun experience, and we’re so excited to bring this spirit to consumers in an innovative way with our partners at BMW and AirConsole.”

AirConsole is available in current models with BMW/MINI Operating System 9 in combination with BMW Digital Premium /MINI Connected Package and with BMW Operating System 8.5 in combination with BMW ConnectedDrive Professional.

Available in Austria, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Great Britain, Greece, Hungary, Ireland, Italy, Malta, Netherlands, Norway, Latvia, Lithuania, Luxemburg, Poland, Portugal, Romania, Slovakia, Slovenia, South Korea, Spain, Sweden, Switzerland, USA.

In Australia, Japan, New Zealand, Thailand, South Africa, India, Indonesia, Singapore, Malaysia only available with Personal eSIM and BMW Operating System 8.5.

Not available in BMW 2 Series Coupe, 3 Series and 4 Series.

MacOS now provides lucrative new target for cybercriminals

Ana Mary Joseph
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MacOS now provides lucrative new target for cybercriminals
  • Threat actors have attempted to develop ransomware strains capable of affecting Apple devices.
  • Report reveals over 40 threat actors are actively engaged in targeting macOS, with more than 20 actively seeking to acquire malware specifically designed for the platform, including both the purchase of pre-existing malware and the commissioning of new malware development.

The increasing adoption of Apple’s macOS devices, particularly within the small and medium-sized enterprise (SME) sector, has caught the attention of cybercriminals.

A report by cyber threat intelligence company Intel 471 highlights a concerning trend: a significant rise in threat actors targeting macOS users and seeking to exploit vulnerabilities in the Apple ecosystem.

The growing interest in macOS is fueled by several factors. Firstly, the platform’s rising market share provides a lucrative new target for cybercriminals, who are constantly seeking new avenues for financial gain.

Secondly, the perceived security of macOS, often considered more secure than Windows, creates a false sense of safety among users, making them more vulnerable to attacks.

Immediate threat

The perception is further reinforced by the relatively smaller amount of macOS-specific malware compared to Windows, which can make it seem like an easier target.

The report reveals that over 40 threat actors are actively engaged in targeting macOS, with more than 20 actively seeking to acquire malware specifically designed for the platform, including both the purchase of pre-existing malware and the commissioning of new malware development.

The focus on infostealers, which steal sensitive data like login credentials, session cookies, and credit card information, highlights the immediate threat to individual users and businesses alike.

The trend is further supported by independent research. Patrick Wardle, a renowned security researcher, observed a doubling of new macOS malware in 2023 compared to the previous year. Similarly, Group-IB, a cybersecurity firm, reported a fivefold increase in underground sales related to macOS infostealers.

Exploring avenues

The example of “Callisto,” a threat actor actively seeking to develop a macOS stealer with RedLine functionality, demonstrates the evolving nature of these threats. RedLine, known for its ability to harvest sensitive information from browsers, highlights the potential for sophisticated and damaging malware to infiltrate the macOS ecosystem.

Beyond infostealers, the report also mentions the growing presence of ransomware and Remote Access Trojans (RATs) on macOS, accounting for about 15 per cent of the total malware targeting the platform, suggesting that threat actors are increasingly exploring avenues to exploit macOS users for financial gain beyond data theft.

While the overall market share of macOS still lags behind Windows, which serves as a major deterrent for cybercriminals due to the sheer volume of users and potential targets, this situation may change rapidly.

Intel 471 warns that the rising market share of macOS represents a significant opportunity for threat actors to capitalise on the lack of competition, potentially establishing a foothold in a relatively “uncharted” territory.

Proactive security measures

In the short term, infostealers and RATs are expected to remain the most prevalent threats to macOS users. However, the increasing presence of ransomware and other malware families suggests a growing sophistication and diversification of threats.

The trend, coupled with the increasing number of threat actors targeting macOS, calls for heightened vigilance and proactive security measures.

The report concludes with a stark warning: despite the perceived security of Apple products, macOS users should remain vigilant against various threats.

The growing sophistication of malware and the increasing number of threat actors seeking to exploit vulnerabilities in the macOS ecosystem underscore the need for robust security measures, including the use of reputable antivirus software, regular software updates, and strong passwords.

US to ban Chinese software in autonomous vehicles

Mohammed Fahad
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US to ban Chinese software in autonomous vehicles
  • Ban also extends to testing on US roads, requiring automakers and suppliers to ensure their connected and autonomous vehicle software is free of any Chinese involvement in development.
  • Chinese Embassy spokesperson emphasised the importance of division of labour and fair competition, urging the US to uphold market principles and international trade rules.

The US’s proposed ban on Chinese software in autonomous vehicles is a complex issue with far-reaching implications. While addressing legitimate national security concerns is essential, the approach must be balanced and avoid stifling international collaboration and innovation. A more nuanced and targeted approach, focusing on establishing robust data security protocols and promoting transparency, might prove more effective in navigating the intricate relationship between national security and technological advancement. Ultimately, the future of the global automotive industry and the broader landscape of technological innovation hinges on finding a solution that balances security with progress, collaboration, and a shared commitment to responsible technological development.

The US Commerce Department’s impending ban on Chinese software in autonomous vehicles, citing national security concerns, marks a significant development in the ongoing technological rivalry between the two superpowers.

The move, while ostensibly driven by safeguarding sensitive data and infrastructure, raises complex questions about the future of global collaboration, innovation, and the ethical boundaries of national security.

The proposed ban, targeting Level 3 and above autonomous vehicles, would effectively prohibit the use of Chinese-developed software and advanced wireless communication technologies within these vehicles.

It also extends to testing on US roads, requiring automakers and suppliers to ensure their connected and autonomous vehicle software is free of any Chinese involvement in development.

The Commerce Department justifies this action by highlighting the potential risks associated with connected technologies in vehicles, citing concerns over data collection, potential access to sensitive infrastructure information, and the potential for manipulation or interference.

The Biden administration’s investigation earlier this year underscored these anxieties, arguing that Chinese-connected vehicles amass extensive data on drivers, passengers, and US infrastructure through their cameras and sensors.

While the US administration frames this move as a necessary step to protect national security, it has been met with strong opposition from China.

The Chinese Embassy spokesperson emphasised the importance of division of labour and fair competition, urging the US to uphold market principles and international trade rules.

The rebuttal highlights the broader implications of the ban, questioning the notion of a “level playing field” in a globalised technology landscape.

The proposed ban triggers several critical considerations:

1. The Shifting Sands of Global Collaboration: The move represents a significant departure from the traditional model of international cooperation in technological advancement. While concerns over data security are valid, the ban risks fragmenting the global innovation ecosystem and stifling advancements in autonomous driving technology. A collaborative approach, focused on establishing clear data security protocols and promoting transparency, might have been a more sustainable alternative.

2. The Ethical Dilemma of National Security: The ban raises questions about the ethical boundaries of invoking national security concerns to restrict technological collaboration. While protecting national interests is paramount, the justification must be grounded in demonstrable risks, not mere speculation. A robust framework for assessing these risks and implementing targeted solutions, rather than blanket bans, would be more conducive to a balanced approach.

3. The Implications for Technological Innovation: The ban could have significant consequences for the development and adoption of autonomous vehicle technology. Chinese companies, renowned for their expertise in artificial intelligence and advanced software development, would be excluded from participating in the American market. This could potentially hinder progress in research and development, ultimately impacting the wider adoption of autonomous vehicles.

4. The Potential for Reciprocal Actions: The US’s proposed ban could trigger retaliatory measures from China, escalating tensions and potentially leading to a technology trade war. This scenario would be detrimental to the global economy and could negatively impact the growth of the autonomous vehicle industry worldwide.

Ola Electric IPO fully subscribed on second day

Ana Mary Joseph
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Ola Electric IPO fully subscribed on second day

Initial share sale received bids for 49,43,85,840 shares, as against 46,51,59,451 shares on offer.

The initial public offering (IPO) of Ola Electric Mobility, a prominent player in the burgeoning electric two-wheeler market, exhibited a stark contrast in investor sentiment over its three-day subscription period.

While the IPO witnessed a sluggish start on August 2nd, with only 35 per cent subscription, it saw a surge in interest on the second day, ultimately reaching full subscription by the end of the day.

The initial share sale received bids for 49,43,85,840 shares, as against 46,51,59,451 shares on offer, according to BSE data.

Risk aversion

The unexpected turnaround raises several questions about investor behaviour and the overall market perception of Ola Electric.

The initial tepid response, with only 16.31 crore shares subscribed against the 46.51 crore shares offered, reflected a cautious approach from investors. This could be attributed to several factors.

The IPO, priced between Rs72 and Rs76 per share, was significantly larger than the company’s previous fundraising rounds, potentially causing hesitation among investors.

Additionally, the market was grappling with broader economic uncertainties, leading to a general risk aversion among investors.

However, the second day of bidding saw a remarkable shift in sentiment. The IPO witnessed a strong surge in demand, driven largely by retail investors.

Unpredictable market nature

The retail portion was oversubscribed 2.87 times, demonstrating the public’s interest in the company and the growing appeal of the electric vehicle segment.

Notably, the employee portion was the most oversubscribed at 8.98 times, highlighting a strong belief in the company’s future from its own workforce.

The strong employee participation further reinforces the positive sentiment within the organisation.

The Qualified Institutional Buyers (QIBs) portion, despite being subscribed 40 per cent, reflected a more measured approach. This could be attributed to their focus on long-term value creation and a more in-depth analysis of the company’s financials and future prospects.

Despite the overall subscription success, the IPO’s journey serves as a stark reminder of the unpredictable nature of the market. The initial lukewarm response highlights the inherent risk and scrutiny faced by companies seeking public listing.

While Ola Electric’s strong performance on the second day indicates a confidence in the company’s future, the varying levels of participation from different investor segments point towards a complex dynamic at play.

It is important to note that Ola Electric secured Rs 2,763 crore from major investors prior to the IPO opening, demonstrating strong confidence in the company’s potential. This pre-IPO funding likely played a role in attracting further investment, particularly from retail investors who may have been more inclined to follow the lead of established institutional investors.

Looking forward, Ola Electric’s successful IPO offers valuable insights into the evolving investor landscape. The surge in retail investor participation points to a growing interest in the electric vehicle sector, driven by environmental concerns and government incentives.

However, the company faces significant challenges. The electric two-wheeler market is fiercely competitive, with established players and new entrants vying for market share. Additionally, the company needs to navigate evolving consumer preferences and address concerns regarding battery performance and charging infrastructure.

Macroeconomic factors drive crypto to biggest sell-offs

Naushad K. Cherrayil
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Macroeconomic factors drive crypto to biggest sell-offs
  • Market may see a decoupling of crypto from traditional stocks, similar to what we saw in 2020.
  • For crypto investors, the sell-off represents an opportunity to review their portfolios and solidify their convictions.

The dramatic sell-off in the cryptocurrency market on Monday, pushed Bitcoin down over 14 per cent and Ether experiencing its steepest decline since 2021, has sent shockwaves through the industry.

Top token Bitcoin’s retreated to below $50,000 in early trade added to a 13.1 per cent drop last week that was the worst since the period when the FTX exchange imploded.

Bitcoin trades at $52,208 at 1.50pm, down 10.20 per cent.

Ether shed over a fifth of its value before paring some of the slide to change hands at $2,286. Most major coins were deeply in the red.

The volatile period, however, presents an opportunity for a deeper understanding of the forces at play and the potential for future growth.

The current downturn cannot be isolated as a purely crypto-specific event. Rather, it is a symptom of broader macroeconomic anxieties.

The Bank of Japan’s unexpected interest rate hike, coupled with concerns surrounding the US Federal Reserve’s decision to maintain rates, has triggered a wave of risk aversion across global markets.

This has impacted traditional assets like stocks, leading to significant declines in the S&P 500, NASDAQ, and Japan’s Nikkei 225 index.

Wave of risk aversion

While the magnitude of the crypto sell-off appears substantial, it’s crucial to consider the context.

Tim Kravchunovsky, founder and CEO of the decentralised telecommunications network Chirp, argues that in dollar terms, the crypto market has shown relative resilience compared to traditional markets.

He points to the fact that the recent declines in traditional assets, particularly in Japan, dwarf the crypto market’s losses.

Japan’s Nikkei 225 index closed 12.4 per cent lower in what marks the second worst single-day rout since Black Monday in 1987, while the S&P 500 opened 4.1 per cent lower and the tech-heavy NASDAQ is down more than 5 per cent.

“The perspective suggests that the current downturn may be less about intrinsic weakness within the crypto space and more about a broader investor sentiment shift towards risk aversion.”

Independent growth

However, he added that the market may see a decoupling of crypto from traditional assets, a phenomenon observed in 2020 during the pandemic-driven market crash.

Crypto then experienced a faster and more pronounced recovery compared to traditional markets, highlighting its potential for “independent growth”.

“While the current situation may follow a similar trajectory, the recovery timeline remains uncertain,” Kravchunovsky sdaid.

However, he said that the sell-off serves as a valuable opportunity for crypto investors to revisit their portfolios and reinforce their convictions.

As the market recovers, he said the projects with demonstrable real-world utility are likely to emerge as frontrunners.

These projects, like those focused on data storage, infrastructure, cybersecurity, and decentralised physical infrastructure networks (DePINs), bridge the gap between Web3 and the real world, ensuring their longevity and delivering consistent returns, he added.

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